Coca-Cola Outpaces PepsiCo with Strong Q4 Earnings and Market Share Gains

Coca-Cola's revenue and earnings exceeded expectations, driven by higher pricing, volume growth, and diversification into new beverage categories.

Coca-Cola reported $11.5 billion in Q4 revenue, surpassing Wall Street's $10.68 billion estimate, with adjusted earnings per share of $0.55 beating expectations of $0.52.
Global unit case volume grew 2%, reversing a prior decline, with strong performance in sparkling drinks, particularly Coca-Cola Zero Sugar, which saw a 13% volume increase.
The company's price mix rose 9%, supported by inflation-driven pricing adjustments and a shift toward premium products like Fairlife milk and Topo Chico sparkling water.
Coca-Cola's Maaza brand in India surpassed $1 billion in sales, becoming the company's 30th billion-dollar brand and showcasing its success in emerging markets.
For 2025, Coca-Cola forecasts organic revenue growth of 5-6% and EPS growth of 2-3%, while facing potential headwinds from currency fluctuations and aluminum tariffs.